Medical Stop Loss Insurance
The most important component of a self-funded healthcare plan
a. East Coast Underwriters provides a variety of unique stop loss solutions to fit your company’s goals and specific risk profile. While the best approach is speaking directly with an ECU representative, here is some basic information about Medical Stop Loss:
Types of Stop Loss
Protects employers from large, catastrophic claims incurred by a single individual. The insurance carrier reimburses the employer group when claims of an individual exceed the specific deductible.
Protects employers from the frequency of claims across the entire population of the covered plan under the specific deductible. A certain dollar amount is set that determines to what level of claims the employer will fund. The insurance carrier reimburses any claims that exceed the attachment point.